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The Economy in Malta

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Malta adopted the euro on 1 January 2008. Malta‘s economy is dependent on foreign trade, manufacturing, and tourism, and was hurt by the global economic downturn. Malta has low unemployment relative to other European countries, and growth has recovered since the 2009 recession.

Malta’s financial services industry has grown in recent years and in 2008-09 it escaped significant damage from the international financial crisis, largely because the sector is centered on the indigenous real estate market and is not highly leveraged, and the banking system is closely regulated.

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Get Your Free Malta Report Today!

Learn more about Malta and other countries in our daily postcard e-letter. Simply enter your email address below to sign up for IL’s free daily postcards and we’ll also send you a Free Malta Report – Malta: The Hidden Gem of the Mediterranean.